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Euro Tops $1.32 on Talk of ECB Bond Buying

NEW YORK—The euro gained against the dollar after talk of European Central Bank bond-buying actions spoke louder than the central bank president's measured words.

ECB President Jean-Claude Trichet, at a news conference on Thursday, initially disappointed investors by not announcing an increase in purchases of government bonds. But market participants said the central bank was actually aggressively buying such debt, a departure from...